Find Out What Makes Beverly Hills Real Estate a Smart Investment
Investing in American real estate has long been a way to round out a portfolio with a relatively stable economic investment. Because there will always be value with real estate, many investors prefer purchasing property over trusting the stock market--and they are finding that there is a benefit in investing at the ultrahigh-end, as luxury markets tend to be one of the safest places to invest. Those interested in breaking into the Beverly Hills market need to be prepared to fork over some serious cash, as the of a home there is currently over $4.9 million. However, though the investment is a steep one, it is certainly valuable. Here are several reasons why it’s worthwhile to consider buying a property in Beverly Hills.
Luxury markets are a solid investment in general
According to Christie’s International Real Estate, luxury home sales in 81 international luxury markets increased by 11 percent annually in 2017. In some markets, luxury home sales even outpaced nonluxury home sales. At the very high end, real estate investments can offer higher yields than the stock market without the associated instability because luxury home values in the U.S. almost always appreciate over time. While most luxury real estate properties across the U.S. will cost more than $1 million, they can be a sound investment because they can easily be used as rental properties or renovated and resold for higher sums.
Beverly Hills is a top luxury market in particular
Because Beverly Hills is one of America’s premier neighborhoods, properties there usually hold their value well and increase substantially over time. Though you’ll have to be willing to put down a significant amount of money to buy into the market, the long-lasting popularity of the community and today’s real estate trends there make it a good place to buy a home.
Beverly Hills offers the chance to diversify in style
From American Colonial-style homes to modern architectural wonders to private estates, Beverly Hills is bursting with a variety of architectural styles. While gigantic mansions inevitably come to mind when thinking about the neighborhood, there are also other more understated homes available as well.
Beverly Hills provides the opportunity to buy diverse types of properties
In addition to mansions, the neighborhood also has several apartments and condo buildings for sale at a more accessible price point. Anyone involved in real estate investing knows that diversification is key, from buying properties in different cities to buying varied types of properties. Beverly Hills delivers on this second requirement thanks to its many options.
If you’re interested in investing in real estate in the Beverly Hills area, to learn more about what’s currently on the market that might fit your needs. With years of experience, Rochelle can help you find a house that matches your style and preferences. With her help, you can navigate the Beverly Hills real estate market and find the right investment property for you.